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20130121
20130129
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
PBS
Jan 25, 2013 4:30pm PST
is bullish on stocks. john rogers of ariel investments joins us with his top buys now. and after a week of heavy selling, apple is no longer the world's biggest company, exxon mobil goes back to number one. that and more tonight on "n.b.r." what a week, what a month, what a year. the stock market is on a tear with both the dow and s&p 500 closing at their highest level in five years. some say the gains are seasonal, others point to fundamentals. here's a look at today's numbers. the dow surged 70 points. the blue chip index nearing 14,000 and its record high back in 2007. the nasdaq added 19. and, the s&p gained eight, closing above the important 1,500 mark and advancing for its eighth day in a row. suzanne pratt takes a closer look a what's behind the recent rally in stocks. >> reporter: as months go, january is typically a good one for the stock market. this january, however, is the best investors have seen in years. so far, the dow is up 6%, the s&p 500 has gained more 5% and the nasdaq is up 4.3%. and, if it weren't investors slicing up apple, the nasdaq and s&p 500 would be ev
PBS
Jan 22, 2013 7:00pm PST
. darren gersh reports. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hearing on the debt ceiling debate, simon johnson, a former chief economist for the i.m.f. warned the continuing controversy could roil global markets and hurt the u.s. at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100
PBS
Jan 25, 2013 7:00pm PST
many choices for investors to pick up cheap stocks. he's john rogers, founder and chief investment officer of ariel investments and its flagship ariel mutual fund has tripled in value since march 2009. john, this is the first time you are our market monitor, so welcome to "nightly business report." let me begin by asking you, here we've got the stock market at these new levels. why do you think this momentum is going to continue? >> well, as we talked to companies all around the country, we continue to hear that, you know, we're only in the fourth or fifth inning of this recovery. we have a long, long way to go. we're going to have earnings and profitability will be higher as we move into 2013 and 2014. there's so much cash around that people can buy back stock and that's going to help earnings. so we're extraordinarily bullish today. >> susie: what about individual investors? as you know well, they have been very fearful of investing in stocks. is it too late for the individual to get in at this point? >> i don't think so. p.e. multiples are stillest. thes & p, around 13 times. i
Search Results 0 to 9 of about 10 (some duplicates have been removed)